BSE Sensex Up by 1.2 Percent; Psychological Rally

The BSE Sensex rose 1.2 percent on Tuesday after the media reported that the government would not target the so-called participatory notes or P-Notes in a blanket manner under its newly proposed General Anti-Avoidance Rule.

However, Maruti Suzuki ended down by 1.83 percent and Mahindra and Mahindra closed flat following the proposal of the Maharashtrian government to hike in tax on petrol and diesel vehicles by 2 to 4 percent.